Residential Localities Understanding the Demand of Real Estate Consumers

India’s Top 10 Preferred Residential Localities Understanding the demand of real estate consumers

Q3 2019 Top 10 preferred localities of India | Localities with connectivity and ready supply gathering pace Q3 2019

Magicbricks Research tracks the consumer preference across the top 100 cities in Rank City Locality Price Range YoY Change QoQ Change India to gauge the demand potential for various localities. Our analysis also throws 1 Noida Noida Extension 2900-4100 1% 2% light on the recent housing and consumer trends in the current macroeconomic 2 Mumbai Mira Road 6800-9700 5% 3% environment. Accordingly, We have analysed the top 10 localities in India by consumer search for Q3 2019 on Magicbricks, India’s No. 1 property site. 3 Pune Wakad 5500-7800 1% 0% 4 Hyderabad Kukatpally 4500-7400 11% 1% “Our Analysis shows that Pune and 5 Bengaluru Whitefield 4600-7400 5% 1% 6 Pune Baner 5900-9100 1% 1% Hyderabad were the top-performing 7 Hyderabad Kondapur 5000-7400 11% 4% residential markets with three of 8 Hyderabad Gachibowli 5100-8000 9% 4% their localities featuring in Top 10 list 9 Navi Mumbai Kharghar 7000-10800 4% 3% 10 Pune Pimple Saudagar 6100-8300 1% 0% of most searched and preferred Note: Prices are in INR per Sqft. localities by consumers for buying” Average asking prices for Top 10 most searched localities in India in Q3 2019

• Noida Extension (NCR), Mira Road (Mumbai) and Wakad (Pune) were the most 10,000 9,000 8,300 searched localities in Q3 2019 7,500 8,000 7,100 6,600 6,200 6,500 • Due to the Government’s push on Affordable Housing, India witnessed mid-segment 5,900 5,900 6,000 localities dominating the searches in 2019. Consequently, 2 and 3 BHKs were commonly in demand across the markets. 4,000 3,600

• Except for Noida Extension, rest of the 9 top localities had the average residential 2,000 prices between INR 6,000 and 9,000 per sq.ft. 0 • Buyers continued to prefer ready to move in apartments, with eight out of the top

ten localities witnessing more than 75% of consumers searching for ready Baner

Wakad Kharghar

apartments. Kondapur

MiraRoad

Whitefield

Kukatpally Gachibowli

• Most localities in top 10 list witnessed price increase due to launch of premium Extension Noida PimpleSaudagar projects in higher price brackets. Noida Bangalore Hyderabad Pune Mumbai Navi Mumbai Note: Prices are in INR per Sqft.

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Noida Extension | Affordability and availability driving demand Q3 2019

Following the rapid development of Noida as a satellite city to Delhi, the Uttar Pradesh (UP) government developed a planned City - Greater Noida extension to it, known as Greater Noida. The Greater Noida sectors adjoining Crossings Republik (Ghaziabad) sector 121 (Noida), and Tech Zone 4 (Greater Noida), are together referred to as Noida Extension. It hubs well-known developments like Location: Gaur City, ATS Rhapsody and Mahagun My Woods. Affordability and connectivity are the prime selling propositions for this North region. As Noida Extension’s development is fairly recent, social infrastructure development is in its developing phase and residents have to rely on the more developed localities in Noida such as sector 62 cluster and Sector 18. The newly constructed Noida-Greater Noida Metro is just 15 minutes (6 km) from Noida extension. Price per sq ft: INR 2900-4150 Magicbricks Analysis According to Magicbricks research, the prices are likely to remain stable for some time in Noida Extension, as it has abundant supply and developers are offering various schemes and amenities to push for sale. Property Type: • The locality has an average asking price of INR 3,530 per sqft, lower than most localities of neighbouring city of Noida. Multi-storey According to our data, asking prices witnessed 1% increase YoY • 2 and 3 BHKs dominate the demand, with nuclear families increasingly moving here, especially due to the affordable rents • 78% of the buyers are looking for ready properties showing aversion to under-construction projects carrying the risk of BHKs Available: construction delay. 1,2, and 3 BHKs z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change1 QoQ Change1

3,700 1 Noida Noida Extension 1% 2%

3,600 2 Mumbai Mira Road 5% 3% 10% 3 Pune Wakad 3,500 1% 0% 4 Hyderabad Kukatpally 11% 1% 3,400 43% 5 Bengaluru Whitefield 5% 1% 3,300 6 Pune Baner 1% 1% 3,200 46% 7 Hyderabad Kondapur 11% 4% 3,100 8 Hyderabad Gachibowli 9% 4% 3,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 2 BHK 3 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1 change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Mira Road | Connectivity and affordability prime demand drivers Q3 2019

Mumbai provides plenty of employment opportunities as the financial hub of India, though the sky-high prices and a lack of City - Mumbai developable land has pushed development to Vasai-Virar in north and Thane and Navi Mumbai in east. Development of Mira- Bhayandar truly started with the creation of Mira Bhaindar Municipal Corporation in 1985. The more developed southern Location: section of Mira-Bhaindar, popularly known as Mira Road, has become the mid-segment housing hub of Mumbai region. Peripheral Western Line of Mumbai Railway and Western Express Highway have ensured excellent connectivity to this location. The under-construction Line 7 of Mumbai Metro (Dahisar East - Andheri East), which is likely to be completed by 2020, should further integrate Mira Road with Mumbai, driving residential demand here. Price per sq ft: INR 6800-9700 Magicbricks Analysis

According to Magicbricks research, Mira Road is witnessing healthy development, with a steady rise in prices, as Mumbai’s Property Type: buyers look for affordable options in a slower economy. Multi-storey • Mira Road has an average asking price of INR 8,300 per sqft, lower than most Mumbai localities. Despite overall stagnancy in the market, the average asking price in Mira Road has increased 3% YoY • The average apartment size is 900 sq ft lowest among the top 10 localities in India BHKs Available: • Mumbai being the costliest city, 2 BHK are in vogue and affordability is driving the buyer preference for smaller apartment sizes, with 45%of the buyers looking for 2 BHKs, and 35% for 1 BHKs. 1,2, and 3 BHKs z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change1 QoQ Change1

9,000 1 Noida Noida Extension 1% 2% 2 Mumbai Mira Road 5% 3% 8,500 6% 3 Pune Wakad 1% 0% 14% 8,000 4 Hyderabad Kukatpally 35% 11% 1% 7,500 5 Bengaluru Whitefield 5% 1% 6 Pune Baner 7,000 1% 1% 7 Hyderabad Kondapur 11% 4% 6,500 45% 8 Hyderabad Gachibowli 9% 4% 6,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 1 BHK 2 BHK 3 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Wakad | Proximity to Hinjewadi driving demand Q3 2019

Pune’s Hinjewadi village emerged as a commercial hub when Maharashtra Industrial Development Corporation (MIDC) City - Pune developed the Phase I of Rajiv Gandhi Infotech Park in Hinjewadi. Further development of Phase II and III, has made it the focal point of major IT companies in India including Cognizant, Infosys, Wipro, and Tata Technologies. However, Hinjewadi and Location: nearby villages fall outside the Pimpri Chinchwad Municipal Corporation (PCMC), and lacked holistic infrastructure Peripheral development, and Wakad (part of PCMC), being adjacent to Hinjewadi, became the preferred residential destination for IT professionals. Proximity to Hinjewadi, connectivity with Mumbai (2.5 hours on NH8), and affordability (as compared to Aundh and Baner) has driven the residential demand for Wakad. Price per sq ft: INR 5500-7800 Magicbricks Analysis Magicbricks research suggests that Wakad is likely to continue to see a steady residential demand, as more and more IT Property Type: companies pour in Hinjewadi. Multi-storey • The locality has an average asking price of INR 6,650 per sqft, witnessing 1% increase in the last one year • The average apartment size is 1170 sq ft, second-lowest amongst the top 10 localities • 75% of consumer searches for 1 and 2 BHKs, with 2 BHKs alone attracting 62% of the buyer preference BHKs Available: • 75% of the buyers looking for unfurnished properties, preferring cheaper options amongst the properties available. 1,2, and 3 BHKs z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change1 QoQ Change1 1 Noida Noida Extension 1% 2% 6,900 2 Mumbai Mira Road 5% 3% 6,700 3% 15% 3 Pune Wakad 1% 0% 6,500 20% 4 Hyderabad Kukatpally 11% 1% 6,300 5 Bengaluru Whitefield 5% 1% 6,100 6 Pune Baner 1% 1% 5,900 7 Hyderabad Kondapur 11% 4% 5,700 8 Hyderabad Gachibowli 62% 9% 4% 5,500 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 1 BHK 2 BHK 3 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Kukatpally | Launch of premium projects pushing average prices Q3 2019

Kukatpally started out as an industrial hub with industrial corridor stretching from Sanath Nagar to Kukatpally. However, the City - Hyderabad development of Hi-Tec City and Financial District changed the fortune of North-western Hyderabad. Kukutapally, offering its significant development potential, has been at the forefront of the residential boom. Its residential market offers several Location: projects in multi-storey and villa formats. Kukutapally offers affordability when compared to posh localities of Banjara Hills, and Urbanized part of Jubilee Hills, while offering similar ease of connectivity with HiTec City. The operational red Line of Hyderabad Metro (LB Nagar Hyderabad - Miyapur) has 3 of its stations within Kukatpally. Price per sq ft: Magicbricks Analysis INR 4500-7400 According to Magicbricks research, Kukatpally has solid drivers of growth and potential for further development, making it an attractive investment hotspot. Property Type: • It has an average asking price of INR 5,950 per sqft ., witnessing 11% increase YoY. However, in our opinion, the price increase attributes to the launch of premium projects in the locality Multi-storey, Villa • Almost 60% of consumer searches for 2 BHKs, with most of the new projects also offering 2 and 3 BHK configurations • Only 13% of buyers looking for under-construction properties in Kukatpally, as the locality has an ample supply of quality BHKs Available: ready-to-move-in apartment and villa projects 1, 2 and 3 BHKs • 33% of buyers looking for Fully-furnished properties, highest amongst the top 10 localities. z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change1 QoQ Change1

6,500 1 Noida Noida Extension 1% 2%

6,000 2 Mumbai Mira Road 5% 3% 7% 5% 3 Pune Wakad 5,500 1% 0% 4 Hyderabad Kukatpally 11% 1% 5,000 5 Bengaluru Whitefield 34% 5% 1% 4,500 6 Pune Baner 1% 1% 4,000 59% 7 Hyderabad Kondapur 11% 4% 3,500 8 Hyderabad Gachibowli 9% 4% 3,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 1 BHK 2 BHK 3 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Whitefield | Multi-storey and Villas most preferred formats Q3 2019

Whitefield has witnessed a tremendous transformation in the last two and a half decades, from a small village to a developed City | Bengaluru IT hub, with several IT parks. International Tech Park, Bengaluru (ITPB) was one of the first IT parks to be developed in the country. Today the locality is a much sought-after residential destination of Bengaluru, with several premium projects from Location: developers like Prestige, Brigade, and DivyaSree. Whitefield has a well-developed social infrastructure, with access to the best Urbanized part of of schools and hospitals. Phoenix Market City, Inorbit Mall, The Forum Neighborhood, and VR Bengaluru are some of malls of Bengaluru Bengaluru located in and around Whitefield. Old Airport Road and Whitefield Main Road connect the locality with the rest of the city. The under-construction Purple Line (Whitefield-Challeghatta) of the Bengaluru Metro, to have station in Whitefield. Price per sq ft: INR 4600-7400 Magicbricks Analysis According to Magicbricks research, the residential market of Whitefield is saturating fast, with the neighbouring localities witnessing the next phase of growth. Property Type: • The locality has an average asking price of INR 6,060 per sqft. , with a YoY growth of 5% and a QoQ growth of 1%. Multi-storey, Villa • On Magicbricks website, Villas make up for 26% of consumer searches, making it the only locality in top 10, with significant preference of villas. BHKs Available: • 2 and 3 BHKs dominate Whitefield, as it is a mature market now, getting significant consumer searches for 3 BHKs also. 2, 3, and 4 BHKs • 40% of consumer searches were for under-construction properties in Whitefield, 2nd highest amongst the top 10. z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change QoQ Change

6,000 1 Noida Noida Extension 1% 2% 5,900 2 Mumbai Mira Road 5% 3% 5,800 3% 3 Pune Wakad 1% 0% 5,700 15% 4 Hyderabad Kukatpally 5,600 11% 1% 39% 5,500 5 Bengaluru Whitefield 5% 1% 5,400 6 Pune Baner 1% 1% 5,300 7 Hyderabad Kondapur 11% 4% 5,200 42% 5,100 8 Hyderabad Gachibowli 9% 4% 5,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 2 BHK 3 BHK 4 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Baner | Popular IT and residential destination promoting walk-to-work Q3 2019

Baner is a premium suburb in north-western Pune that comes under the Pune Municipal Corporation (PMC) limits. Earlier a City - Pune village, Baner witnessed rapid development in commercial real estate projects hosting Information Technology (IT) companies. The nearby Rajiv Gandhi Infotech Park in Hinjewadi is just 10 kms from Baner. Upper mid-segment buyers have been preferring Location: Baner as it allows easy connectivity with Hinjewadi, and promotes walk to work facility for professionals working in many IT Suburban companies within Baner. Buyers and tenants also prefer Baner for the higher standard of living it offers when compared to Wakad and Hinjewadi. The under-construction Line 3 of Pune Metro (Hinjawadi Phase III- Civil Court) is planned to have two stations in Baner. Price per sq ft: INR 5900-9100 Magicbricks Analysis According to Magicbricks research, Baner has witnessed a resurgence in real estate prices in the last 3 quarters as premium under-construction projects generate buyer demand Property Type: Multi-storey, Villa • The property prices in Wakad average at INR 7,500 per sqft, the 3rd highest amongst the top 10 localities. It witnessed 1% increase on a QoQ basis • 83% of consumer searches for multi-storey, while rest of the consumer searches going to villas and independent houses BHKs Available: • Baner witnessed significant consumer searches for 3 BHKs, a rarity amongst the top 10 localities by consumer searches. 2, 3, and 4 BHKs z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change QoQ Change

8,000 1 Noida Noida Extension 1% 2% 2 Mumbai Mira Road 5% 3% 7,500 8% 3 Pune Wakad 1% 0% 4 Hyderabad Kukatpally 7,000 15% 34% 11% 1% 5 Bengaluru Whitefield 5% 1% 6,500 6 Pune Baner 1% 1% 7 Hyderabad Kondapur 11% 4% 6,000 8 Hyderabad Gachibowli 42% 9% 4% 5,500 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 2 BHK 3 BHK 4 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Kondapur | Large size formats most preferred Q3 2019

Kondapur is one of the best places to live in Hyderabad. It is part of the prime Information Technology and Biotech zone of City - Hyderabad Hyderabad, consisting of HiTec City, Financial District, Gachibowli and Whitefields in Kondapur. Kondapur has offices of tech giants like Google, TCS, and S&P Global. DLF Cyber City in Gachibowli and Jublie Enclave of HiTec City are also located adjacent Location: to Kondapur, offering walk to work facility to the residents. Sarath City Capital Mall, a popular mall in Hyderabad, is located Urbanized part of here. Planned Line 5 of Hyderabad Metro (BHEL- Lakdi Ka Pul) to have a station in Kondapur, while Miyapur metro station and Hyderabad HiTec Metro station on the operational Red and Blue Lines respectively, are just 10 mins from here. Price per sq ft: Magicbricks Analysis INR 5000-7400 According to Magicbricks research, Kondapur has potential for further growth, backed by solid fundamentals • Kondapur has an average of price INR 6,200 per sqft and certain pockets have witnessed growth of as high as 11% YoY Property Type: • The locality is dominated by large size apartments with 1940 sqft being the average apartment size, second highest Multi-storey, Builder-floor among the top 10 localities in India. • With 47% searches for 3BHKs the buyer preference is shifting towards 3 BHKs, driven by supply availability BHKs Available: • 25% of the buyers looking for under-construction properties here, among the highest in the top 10 localities. 2, 3, and 4 BHKs z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change QoQ Change

7,000 1 Noida Noida Extension 1% 2% 6,500 2 Mumbai Mira Road 5% 3% 6,000 7% 3 Pune Wakad 1% 0% 5,500 4 Hyderabad Kukatpally 11% 1%

5,000 46% 5 Bengaluru Whitefield 5% 1% 4,500 6 Pune Baner 1% 1% 47% 4,000 7 Hyderabad Kondapur 11% 4% 3,500 8 Hyderabad Gachibowli 9% 4% 3,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 2 BHK 3 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Gachibowli | Prime residential location for IT employees and Students Q3 2019

Gachibowli is one of the well-known localities of Hyderabad, popular due to presence of numerous information technology (IT) City - Hyderabad complexes, higher education institutes, and 5 star hotels. Gachibowli, together with HiTec City and Financial District, forms the prime IT hub of Hyderabad, making it one of the most preferred residential location for IT professionals. Prominent Location: educational institutes like IIIT Hyderabad, Indian School of Business (ISB), and the University of Hyderabad are all located Urbanized part of within Gachibowli. On the connectivity front, Mumbai Highway and Outer Ring Road (ORR) provide easy access to the rest of Hyderabad the city. Planned Lines 4 and 5 of Hyderabad Metro (BHEL- Lakdi Ka Pul and Raidurg - Airport) will have a common station in Gachibowli, greatly enhancing connectivity of the whole region. Price per sq ft: INR 5000-7400 Magicbricks Analysis As per Magicbricks research, Gachibowli’s residential footprint is likely to witness more and more premium developments, as an abundance of employment opportunity, well-developed social infra and connectivity, make Gachibowli a place worth living. Property Type: • Gachibowli has an average of price INR 6,550 per sqft., and witnessed a 9% YoY and 4% QoQ growth, primarily due to Multi-storey, Builder-floor launch of premium apartment projects • The average apartment size in Gachibowli is 2100 sq ft, highest among the top 10 localities. Because of large apartment BHKs Available: size, maximum searches were also in 3BHK category only. 2, 3, and 4 BHKs • 53% of consumer searches for under-construction units, driven by under-construction options from prominent developers. z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change QoQ Change

7,000 1 Noida Noida Extension 1% 2% 6,500 2 Mumbai Mira Road 5% 3% 6,000 10% 3 Pune Wakad 1% 0% 5,500 30% 4 Hyderabad Kukatpally 11% 1% 5,000 5 Bengaluru Whitefield 5% 1% 4,500 6 Pune Baner 1% 1% 4,000 7 Hyderabad Kondapur 11% 4% 3,500 60% 8 Hyderabad Gachibowli 9% 4% 3,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 2 BHK 3 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Kharghar | Affordability deriving demand for large size formats Q3 2019

Developed by City and Industrial Development Corporation (CIDCO) starting 1995, Kharghar is a planned development in Navi City | Navi Mumbai Mumbai. Located on the Sion-Panvel Highway, Kharghar is witnessing a frenzy in consumer interest, as the locality will soon have multiple stations on the upcoming Navi-Mumbai Metro (Belapur-Kharghar-Taloja-Pendhar), uplifting the connectivity and Location: the economy of the whole region. The under-construction Navi Mumbai International Airport is also just 12 kms from the Suburban locality. Since 2016, Kharghar is under the administration recently established Panvel Municipal Corporation, furthering its popularity amongst the home buyers. Price per sq ft: Magicbricks Analysis INR 7000-10,800 As per Magicbricks research, Kharghar’s upcoming enhancement in connectivity and developing social infrastructure should act as residential demand driver in the long-term. Property Type: • Kharghar witnessed an overall 4% increase in asking prices YoY. The average asking price of ready to move in properties Multi-storey in Kharghar is INR 8,920 per sqft • Contrary to rest of the developed areas of Mumbai, Kharghar witnessed preference for 3BHK apartments, getting 57% of consumer searches, due to affordable housing options available here BHKs Available: • Just 11% of consumer searches for under-construction units, as plenty of ready to move units available in the secondary 2, 3, and 4 BHKs market at attractive prices. z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change QoQ Change

9,500 1 Noida Noida Extension 1% 2% 2 Mumbai Mira Road 5% 3% 9,000 3% 3 Pune Wakad 1% 0% 16% 25% 4 Hyderabad Kukatpally 8,500 11% 1% 5 Bengaluru Whitefield 5% 1% 8,000 6 Pune Baner 1% 1% 7 Hyderabad Kondapur 11% 4% 7,500 8 Hyderabad Gachibowli 9% 4% 56% 7,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 1 BHK 2 BHK 3 BHK Others 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Disclaimer: The data represented above is compiled by Magicbricks from multiple sources. Magicbricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information & does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. Pimple Saudagar | Steadily gathering pace in North Pune Q3 2019

The development of Rajiv Gandhi Infotech Park in Hinjewadi has led to the growth of North-western Pune as a residential City - Pune hotspot. Pimple Saudagar is one of the most developed localities in Pimpri-Chinchwad Municipal Cooperation. While Wakad has hogged the limelight, Pimple Saudagar has steadily made its way to the top 10 most searched localities in Q3 2019, as a Location: favoured place of residence for IT professionals working in Hinjewadi and Baner locations. Pimple Saudagar is affordable as Suburban compared to neighbouring localities of Aundh and Baner, both of which come under Pune Municipal Corporation (PMC) and it is also closer to Hinjewadi. The under-construction Line 1 of Pune Metro (PCMC-Swargate) is planned to have Kasawadi station adjacent to Pimple Saudagar. Price per sq ft: Magicbricks Analysis INR 6100-8300 According to Magicbricks research, the Pimple Saudagar has witnessed resurgence in real estate prices in the last 3 quarters, as premium under-construction projects generate buyer demand Property Type: Multi-storey, Villa • The locality has an average asking price of INR 7,110 per sqft ., witnessing increase of 1% on a YoY basis. • Just 5% of consumer searches for under-construction units, lowest amongst the top 10 localities, as Pimple Saudagar, being a developed locality, is mostly attracting buyers interested in ready units. BHKs Available: • 80% of the Buyers looking for unfurnished houses, suggesting the buyer interest for cheaper options within the locality. 1, 2, 3, and 4 BHKs • 45% of searches for 2 BHKs, as it gets a majority of its demand from IT professionals looking for affordable housing options. z Source: Google Maps

Price trend analysis Buyer’s preference Rank City Locality YoY Change QoQ Change 1 Noida Noida Extension 1% 2% 7,400 2 Mumbai Mira Road 5% 3% 7,200 5% 13% 3 Pune Wakad 1% 0% 7,000 4 Hyderabad Kukatpally 11% 1% 6,800 5 Bengaluru Whitefield 37% 5% 1% 6,600 6 Pune Baner 1% 1% 6,400 7 Hyderabad Kondapur 45% 11% 4% 6,200 8 Hyderabad Gachibowli 9% 4% 6,000 9 Navi Mumbai Kharghar 4% 3% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 1 BHK 2 BHK 3 BHK 4 BHK 10 Pune Pimple Saudagar 1% 0% Note: Prices are in INR per Sqft. Note 1: change represents movement in asking price Source: Magicbricks Research

Magicbricks is India’s No.1 property site. With monthly traffic exceeding 20 million visits and with an active base of over 1.4 million+ property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content and research services, which have helped us, build the largest audience pool.

CEO Sudhir Pai

For more research related queries please contact:

Surabhi Arora Head of Research [email protected]

Devendra Lohmor Chief Manager [email protected]